Fidelity Launches 130/30 Fund

Fidelity Investments announced the launch of the 130/30 Large Cap Fund to help quell the hunger of retail investors and advisors and to keep up with competitors.

The 130/30 strategy allows funds to take short positions and allow investors to borrow shares to sell under the expectation that they can be bought back later at a cheaper price. It also carries a higher risk, as shorting funds amplifies gains and losses.